Sceptics Prevail Over China Transit Elevated Bus Project
Straddling bus project that promoted to be the latest vehicle to break traffic jammed for metropolitan city congestion was in question to carry on. It was about 200 worried investors struggle to withdraw their loan as the project was seen to be unreal return. Besides the return was uninteresting compared with market interest loan, investors less convinced with the fact that Transit Elevated Buss capable of accommodating mass vehicle pass through underneath it. To avoid scandal began to spread, the government close down peer to peer lending operation and issue new regulation on company registration. (UP01/BL/25/Aug/2016)
